July 24 afternoon — Tongfu Microelectronics jumped to its 10% daily limit while
Tuolunsi surged to a 20% limit; Zhongchuan Teqi, Jingchen and Zhongke Feice also
rose. In the morning Guangli Technology hit a 20% limit and Zhichun Technology
and Botong Integration reached 10% limits. Traders said U.S. after-hours gains
in some semiconductor names boosted sector sentiment, and stronger H1 results
from multiple A-share semiconductor companies continued to draw flows. Some
institutions said the semiconductor cyclical uptrend remains intact and advised
positioning on the capacity-expansion theme, focusing on advanced packaging,
wafer foundry, semiconductor equipment and materials.
